Navigant Consulting Inc. (NYSE:NCI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “Navigant expects its future growth to primarily come from expanded capabilities in the healthcare and energy sectors. The company is presently developing data analytic tools across multiple groups to meet the growing demand for technology-enabled solutions. Navigant has a solid earnings history, with an average trailing four quarter earnings surprise of 28.66%. The earnings estimates of the company have remained stable over the last month as it focuses on cost-streamlining and restructuring activities to better align its capacity with market demand. However, Navigant relies heavily on a group of senior-level consultants and business development professionals. Competition for skilled consultants is intense and retention-related issues are a continuous challenge for the company. In addition, stiff competition, low barriers to entry, currency fluctuations and regulatory stringencies are likely to peg back its profitability to some extent.”
Navigant Consulting (NYSE:NCI) opened at 20.09 on Tuesday. The stock has a market capitalization of $952.27 million, a PE ratio of 17.94 and a beta of 1.27. Navigant Consulting has a 52 week low of $14.07 and a 52 week high of $20.58. The stock has a 50 day moving average price of $19.67 and a 200 day moving average price of $17.17.
Navigant Consulting (NYSE:NCI) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. Navigant Consulting had a return on equity of 9.64% and a net margin of 5.97%. The company had revenue of $238.49 million for the quarter, compared to the consensus estimate of $231.24 million. During the same quarter in the prior year, the business earned $0.26 EPS. Navigant Consulting’s revenue was up 13.0% on a year-over-year basis. Equities analysts forecast that Navigant Consulting will post $1.15 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NCI. Mason Street Advisors LLC acquired a new position in Navigant Consulting during the second quarter valued at about $150,000. Arizona State Retirement System boosted its position in Navigant Consulting by 1.6% in the second quarter. Arizona State Retirement System now owns 24,722 shares of the company’s stock valued at $399,000 after buying an additional 400 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in Navigant Consulting during the second quarter valued at about $652,000. A.R.T. Advisors LLC acquired a new position in Navigant Consulting during the second quarter valued at about $324,000. Finally, Vulcan Value Partners LLC boosted its position in Navigant Consulting by 22.4% in the second quarter. Vulcan Value Partners LLC now owns 1,898,325 shares of the company’s stock valued at $30,658,000 after buying an additional 347,835 shares in the last quarter. 91.63% of the stock is owned by institutional investors and hedge funds.
Navigant Consulting Company Profile
Navigant Consulting, Inc (Navigant) is a global professional services firm. The Company serves clients in the healthcare, energy and financial services industries. The Company operates in four segments: Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare, and Energy. The Disputes, Investigations & Economics segment’s professional services include valuation and economic analysis, as well as accounting, regulatory, construction and computer forensic expertise.
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